Frank Schwall pleaded not guilty Wednesday to grand larceny and other charges. Defense lawyer Andrew Proto says Schwall "absolutely denies doing anything criminal."
Westchester County prosecutors say 46-year-old Schwall formed Big Apple LLC in 2006 to build an indoor baseball training center for children. They say he got investments as big as $50,000, partly by falsely claiming he'd contributed $200,000 of his own and had a site lined up.
Prosecutors say most of backers' money ended up in Schwall's personal bank accounts, and some paid the mortgage on his Scarsdale home.
Information from: The Journal News, http://www.thejournalnews.com